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Dubai Holding ( ar, دبي القابضة) is Dubai ruler
Sheikh Mohammed bin Rashid al-Maktoum Sheikh Mohammed bin Rashid Al Maktoum ( ar, محمد بن راشد آل مكتوم, links=no; ; born 15 July 1949) is the vice president, prime minister, and minister of defence of the United Arab Emirates (UAE) as well as the ruler of Dubai. H ...
's personal investment portfolio, which owns 99.67% of the capital. It is a global investment
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
. Mohamed al Gergawi built the portfolio. Sheikh Ahmed bin Saeed al-Maktoum has been appointed as chairman by Dubai ruler. Dubai Holding has over US$130 billion in assets in 13 countries as well more than 20,000 employees worldwide. In 2021, the Pandora Papers leaks revealed that Dubai Holding owned three companies through a secretive offshore system.


History

Dubai Holding was established in 2004. * ''2004'': Madinat Jumeirah opened, as a themed Arabian resort. * ''2005'': Dubai Studio City was announced. * ''2005'': du launched in 2005, with the mission to connect people and businesses through mobile, telephone, broadband and IPTV services across the UAE. * ''2005'': Dubai International Academic City opened. * ''2006'': Emirates International Communications (EIT) launched in 2006, and invests in communication organizations across the Middle East, Europe, Africa and South Asia, including Interoute Communications Ltd. * ''2007'': SmartCity launched in Kochi and Malta, creating purpose-built spaces for working and living. * ''2008'': Jumeirah Beach Residence official opening. * ''2013'': The Dubai Design District (d3) was created for the design community, both local and international. * ''2013'': in5 launched to provide early stage companies with support, infrastructure and a working environment. * ''2014'': Mall of the World was announced in 2014, to aligned with the Dubai Tourism Vision 2020. * ''2014'': The Creative Community at d3 was announced in 2014, offering an outdoor space for creatives. * ''2014'': The Innovation Hub was announced in 2014, and will focus on innovation across new media, technology, smart education and sciences coming from Dubai Media City and Dubai Internet City. Phase I will be launched in 2017.


Subsidiaries

Major business groups of Dubai Holding: * Jumeirah Group * Dubai Properties * TECOM Group * Arab Media Group * Dubai International Capital *
Dubai Group Dubai Group is an Emirati investment company based in the United Arab Emirates, and a subsidiary of Dubai Holding. The company was founded in 2000 as the Investment Office, and was renamed Dubai Group in 2005. Through its companies, the group fo ...
* Emirates Integrated Telecommunications Company *
Meraas Meraas is a privately held holding company headquartered in Dubai with operations and assets in the United Arab Emirates. As of 2020, Meraas was reportedly due to become a subsidiary of Dubai Holding. History Since its founding in 2007, the Dubai ...
* Wild Wadi Waterpark * The Emirates Academy of Hospitality Management


References

{{authority control Financial services companies established in 2004 Companies based in Dubai Investment companies of the United Arab Emirates Holding companies established in 2004 Government-owned companies of the United Arab Emirates